Ambrose Evans Pritchard: Way Too Reasonable

Seeking Alpha ^ | June 7, 2009 | Tom Lindmark

[arthurus]

Perma-bear Ambrose Evans-Pritchard seems to have stuck his nose out of his cave after a brief hibernation and determined that the world has gone mad with some “green shoots” fever. He works overtime this week trying to cure us of this malady.

The first thing he does in his Telegraph article is throw cold water at us in the form of statistics:

The elastic was bound to snap back, just as it did in the bear rally of early 1931. Whether the underlying economy has begun to heal is another matter.

[arthurus]

Read the comments, too.

[Pablo64]

The last time I read anything by Ambrose Evans Pritchard, I had to go and get the BIG dictionary. I thought I had a fair command of the English language, but I learned some new "$20-words" from his writing.

[the invisib1e hand]

Mr. Evans-Pritchard strikes me as a sharp cookie.

As for the recovery, if this were a business cycle unimpeded by heavy-handed socialist reformation, it might indeed bounce right back.

But it's not. The very engine of the economy is being bludgeoned by those who are supposed to be its guardians.

That fact that any goods and services move with any efficiency is testimony to the invincibility of markets.

[blam]

Baltic Dry Index Rise Indicates Good Economic Tidings

[Pallas]

As the author of The Secret Life of Bill Clinton: the unreported stories, Evans-Pritchard will surely bring out a weighty volume on 0bama, too, and you can bet your right arm it'll be a barn-burner.

[the invisib1e hand]

the kids at seeking alpha are the blogging version of the Wall Street fraternity boy cadre they love to (rightly) skewer. They drip with condescending ivyleagueishness. Clearly they never made the cut after their first rotations at the investment banks and are still bitter about it.

However, I do give them credit for introducing me to Evans-Pritchard.